Forum Discussion
tomman58
Aug 11, 2012Explorer
Dick A wrote:
Generally the traditional financial wisdom of leasing a vehicle makes about as much sense as putting financial resources into many of the current green projects. If such a transaction is being subsidized by a third party then the math is that much worse.
Having sold products for over forty-five years, I learned at a young age if a product could not be sold for a profit on the merits of its intrinsic utility value then I should replace that product with something different offering. It was MY money on the line - not my fellow taxpayers.
Dick no one is subsidizing anything. The only deal from the gov is $7500 to the buyer not to the leaser or GM.
I have never leased before but this was a good deal, I was going to buy. In 2 years this car will cost me $6796 (this is roughly what the depreciation of a 45K car would be driving out of a dealership). If you subtract my estimated (by Edison and Chevy) saving by going electric, the final cost to me is about 1800 for 2 years or $900 a year.
I don't know what the resale would be but I know that if I wanted to buy the car after the lease they want 38K, way over what I would pay secondly in 2 yrs I'll know if this tech will be a plus or minus to our lifestlye without any real dollar burdon on me. This is a good thing.
That's my story and I'm stick'n to it LOL
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